Former Bank of China chairman arrested for corruption

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BEIJING: The former chairman of the Bank of China has been formally arrested for suspected corruption, state media reported on Monday (Oct 16), citing the country's top prosecutor.

The state-owned bank said in February that Liu Lian'ge, 62, had stepped down as chairman and been removed from his position as Communist Party chief.

Proponents say the policy promotes clean governance, while critics claim it helps Xi purge political rivals.

 

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